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Bitsight launches integrated third-party risk management solution
Supply Chain Tech
Feb 21, 2024
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Supply Chain Tech

Supply Chain Tech

Feb 21, 2024

Bitsight launches integrated third-party risk management solution

Product updates

  • Bitsight has announced the launch of a new solution for managing third-party risk. This new integrated platform will aim to protect the digital supply chain by merging vendor risk management and continuous monitoring.

  • The new platform includes features such as assessment of vendor health, management of onboarding processes, oversight of vendor security hygiene, and reaction to security incidents, each accessible through a single dashboard. 

  • Bitsight claims that businesses using their new solutions can expect significant returns, including up to 3x the return on investment in just six months. Additionally, companies may see a reduction in vendor monitoring time by 50% and a 75% decrease in the time to onboard vendors.

  • Analyst QuickTake: As cyber regulations become more stringent globally, security and risk teams are under increasing pressure to find efficiencies amidst growing cyber reporting and compliance requirements. BitSight’s new integrated solution is designed to help security teams navigate such complex regulatory landscapes.

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